________________________________________________________________________________________________________________________
companies for around 25 years,” he states.“ The group was assembled to enable the non-competing companies to share best practices and industry insights. As a group we noticed increased opportunities in the multifamily residential market, and as we’ d previously completed multifamily properties and were familiar with wood framing, we decided to grow our capabilities by expanding into multifamily projects. We’ ve completed more than 1000 units to date and with a housing shortage across the country, demand shows no signs of slowing.
“ We’ re also strengthening our presence in the industrial markets by leveraging our experience with chemical and biopharmaceutical manufacturing plants. With a history of specializing in laboratory and clean room environments, we’ re drawing upon these relationships to push our capabilities towards larger scale projects. Considering the current focus on reshoring and US manufacturing, we’ re hoping to capitalize on increased demand over the next four-to-eight years. Our value proposition means that the more technically challenging or complex a project is, the more value we can add.”
Sustainable growth
With this in mind, our conversation turns to what’ s next for Bancroft.“ Our focus for 2025 is workforce development,” Greg says.“ Since we reached our $ 200 million milestone, we’ re growing at a more modest and sustainable rate, which allows us to prioritize the development and growth of our employees. To align with our working culture, we’ re developing people’ s capabilities, onboarding new talent, and providing opportunities for personal growth. By emphasizing the people and culture aspect of the business, we’ re creating a vibrant pipeline of internal leaders to take Bancroft into a new generation.
▲ Interior photo from the Guardian Drug Company’ s Guardian Drug Manufacturing Facility project
“ While we’ re aiming for stable growth and potential expansion into new geographies or market sectors, we want to grow at a rate that still allows us to build meaningful relationships with clients and partners,” he concludes.“ As we grow, we’ ll look to occupy an increased share of the market and become the constructor of choice in the sectors we serve.” ■
www. bancroftconstruction. com
56